Australian Cannabis Corporation

The long-promised, glittering ambitions of a large-scale medicinal cannabis industry in South Australia are about to be tested, with plans to create more than 1000 jobs at a major new manufacturing facility in Adelaide, writes Bension Siebert.

The entrepreneurs behind the controversial Australian Cannabis Corporation have resurrected their plans with a re-badged medicinal cannabis business, after a high-profile fallout with financial backer Shane Yeend.

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Australian Cannabis Corporation founder Ben Fitzsimons has vowed to keep the business in South Australia despite high-profile backer Shane Yeend threatening to take his investment overseas and sue the Premier for “verbal assault”.